Hi, in reference to 'Mines and Mineral Development and Regulation (MMDR) Bill, 2011, what is going to be impact on Coal India Stock prices on Monday 03-Oct-2011. Downside? If so, how much % fall from Friday's close price?
Hi, in reference to 'Mines and Mineral Development and Regulation (MMDR) Bill, 2011, what is going to be impact on Coal India Stock prices on Monday 03-Oct-2011. Downside? If so, how much % fall from Friday's close price?
Can you please add furthermore about what the MMDR bill speaks off? Why is it so very negative to Coal india? ( sorry.. I have less time to follow up the activities developed oflate in market)
As per new law, coal miners to share 26%of their profits with project affected people. Impact on profitability of CIL will be about 2,000 crore. coal price hike is one way to maintain profits. Till govt decides on that, looks like price trend will be down or muted only.
Can you please add furthermore about what the MMDR bill speaks off? Why is it so very negative to Coal india? ( sorry.. I have less time to follow up the activities developed oflate in market)